US Stem Cell Inc (USRM)

[Dragon Lady]

FTC, NOW CRACKING DOWN ON STEM CELL CLINICS..wowza....

Thee Unites States FEDERAL TRADE COMMISSION just filed a major law enforcement action against a rogue stem cell clinic operator- who makes near identical "claims" to those of Kristin Comella (FAKE PhD) and U.S. Stem Cell Clinic and U.S. Stem Cell Inc Sunrise Florida and gang.....

https://www.ftc.gov/news-events/press-releases/2018/10/ftc-stops-deceptive-health-claims-stem-cell-therapy-clinic?utm_source=govdelivery

HOLY FREAKING COW....NOT GOOD FOR USRM...NOPER....

Looks to me like USRM in addition to the DEPARTMENT OF JUSTICE and THE SEC and CIVIL LAWSUITS could very likely now be facing ANOTHER FEDERAL AGENCY..the FEDERAL TRADE COMMISSION for false advertising of their bogus unproven so called "treatments" which of course the USRM clown-club legal team "claim" in their so called defense are supposedly not "treatments" (LOL!!) despite USRM and Comella using the words, "TREATING PATIENTS" about 10,000 times in the past 5 or so years....

https://ipscell.com/2018/10/101-year-old-lady-cured-groundbreaking-ftc-action-on-clinic-marketing/

FULL TEXT OF BRILLIANT NEW BREAKING REAL NEWS...ANOTHER CRUSHING BLOW TO ROGUE STEM CLINICS identical to the ones Kristy and crew operate:

"101-year old lady cured? Groundbreaking FTC Action on Stem Cell Clinic Marketing

October 18, 2018

The Federal Trade Commission (FTC) took some strong action against specific stem cell clinics today and the physician behind them. I see this as really good news and it’s something I’ve been pushing for years. The clinics in question in part marketed unproven stem cells for sick kids. Frankly, iffy for-profit stem cell “treatments” for kids is something that especially pisses me off as it’s even riskier and inherently raises more ethical issues.

In the announcement today, the FTC described a settlement and outlined specific problematic marketing by Dr. Bryn Jarald Henderson, D.O. (pictured) as well as by his clinics, Regenerative Medical Group and Telehealth Medical Group. Interestingly, I believe it was a “stem cells for autism” ad including Dr. Henderson that I noted had annoyingly popped up while I was reading a Scientific American article on stem cell clinics in 2016.

From the feds announcement:

“A California-based physician and the two companies he controls have settled charges of deceptively advertising that “amniotic stem cell therapy” can treat serious diseases, including Parkinson’s disease, autism, macular degeneration, cerebral palsy, multiple sclerosis, and heart attacks.

The settlement prohibits the defendants from making these and other health claims in the future unless the claims are true and supported by competent and reliable scientific evidence. The settlement also imposes a partially suspended $3.31 million judgment and requires the defendants to notify current and former patients about the order within 30 days.”

This is a big deal.

I’m wondering about the future of these and other related businesses. By the way as a stem cell biologist, I’m not aware of any good evidence for the claims that “amniotic stem cell therapy” (whatever that happens to actually be at a particular clinic) can help the conditions mentioned in that quote as being marketed.

The FTC complaint (see court filing here) gives some insights into the stem cell treatment costs and profits by the clinic, which:

“earned at least $3.31 million offering stem cell therapy between 2014 and 2017. Initial stem cell therapy injections ranged from $9,500 to $15,000, with patients encouraged to undergo multiple treatments. Follow-up “booster” treatments cost between $5,000 and $8,000 each.”

This fits fairly well with our information here on The Niche on stem cell costs.

Amongst the more striking claims made, check this one out,

“the defendants even claimed that the therapy could restore the vision of blind patients, citing the case of a “101 year old Lady once blind for 7 years” who, thanks to stem cell therapy, could see again. The website’s homepage boasted that the therapy could “reverse autism symptoms.”

More FTC action coming? Probably.

There are hundreds of clinics out there with a sizable subset of those making questionable and in some cases even outrageous medical claims.
"

END QUOTING .....

Of fascinating REAL NEWS ARTICLE ON FURTHER FEDERAL GOVERNMENT ACTIONS (VERY SERIOUS ACTIONS) AGAINST ROGUE STEM CELL CLINIC OPERATORS WHO WILL NOT FOLLOW FDA AND OTHER LAWS OF THE LAND.....

USRM and Comella could see such an FTC FEDERAL action IMO...would be their next DEATH BLOW to this folding house of cards and sham-wow they're running..